Self-licensed planners targeted
Publicly-listed XPLAN customisation provider, Enzumo has entered into a strategic partnership with IOOF Alliances to provide the company's XPLAN customised solutions and e-learning Management Systems to IOOF's network of 150 independent self-licensed financial practices.
The company announced to the Australian Securities Exchange (ASX) today that the partnership with IOOF would play a key role in Enzumo's expansion into the independently licensed financial planning market.
"It will not only expand Enzumo's XPLAN customisation division, but will also provide a number of strategic cross-selling opportunities," the announcement said.
It said that the self-licensed financial planning market was continuing to grow strongly as financial planes looked to position themselves independently in the new Future of Financial Advice (FOFA) environment.
"As a result, Enzumo has identified the opportunity to strategically partner with licensee support firms such as IOOF Alliances to provide its tailored service offering to a broader pool of potential clients.
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